XPO Held the Line on Health Care Costs
Both you and XPO share the cost of medical coverage. While health care costs are expected to go up by more than 6.5% across the country in 2022, XPO absorbed a 4.4% increase to hold your medical rates flat for 2022. XPO will continue to pay 80% or more of the cost of coverage. Visit myXPO for detailed cost information.
Just a reminder that we all share a responsibility to be smart health care consumers. Please review the Health Care Consumer Tips below for ways to save money.
CVS Caremark is Our New Prescription Drug Provider
CVS Caremark replaced Express Scripts as our pharmacy benefit manager January 1, 2022. You have access to a wider network of pharmacies, including mail order and retail — not just CVS stores — as well as lower costs on many medications.
You’re Enrolled in Long-Term Disability Buy-Up Coverage
XPO believes in the value of Long-Term Disability (LTD) insurance. We teamed up with our LTD insurance carrier to give you an easy and tax-effective way to increase your income protection coverage. As of January 1, 2022, all XPO employees are automatically enrolled in Supplemental LTD Coverage, which provides 60% income replacement (up to plan limits) and extends the coverage period to age 65. During Open Enrollment, you had a chance to opt out of Supplemental LTD coverage. If you missed that, you can still opt out before January 31, 2022 by calling the Benefit Center at 855.376.7276. Your payroll deduction will stop the day you call to opt out, with no refund for any payment made before you call. Please consider how important this valuable coverage is to you and your family before making a decision.
We’ve Added Hearing Aid Coverage
We heard you. We added coverage for hearing aids. We’ll now reimburse you for up to $1,500 per ear once every three years.
FSA Use-it or Lose-it Rule Hits the Highway for the Second Year
During the pandemic, many employees couldn’t use their Flexible Spending Account (FSA) dollars due to the closure of day care facilities and summer camps and the postponement of health care services. The Taxpayer Certainty and Disaster Tax Relief Act of 2020 (the Act) allowed XPO to automatically carry over any unused FSA account balances for the 2020 and 2021 plan years into the next plan year. You can use the carryover amounts on claims incurred in the new plan year. Click here for additional details.
What You Need to Do
If you have an unused Health Care FSA (HCFSA) or Dependent Care FSA (DCFSA) account balance at the end of 2021, what you need to do — or not do — depends on your situation.
|YOUR SITUATION||WHAT YOU NEED TO DO|
|If you enrolled in the HCFSA or DCFSA for 2022 …||You didn’t need to do anything. PayFlex will carry over your unused account balance in April 2022.|
|If you changed to an HSA plan for 2022 …||Your unused HCFSA account balance was not carried over to your HSA and was forfeited.|
|If you leave XPO …||You don’t need to do anything. You can access your unused account balance (up to the amount you actually contributed) through the end of the year in which you leave, without a need to enroll in COBRA.|
Transform Diabetes Care Replaces Livingo
Transform Diabetes Care, through CVS Caremark, replaced Livongo as our diabetes management provider. If you test your blood sugar, you’ll receive a glucose meter and test strips from CVS. If you used Livongo in the past, you should have received transition information from CVS.
HSA Contribution Minimum
If you like the convenience of contributing to your Health Savings Account (HSA) through payroll deductions, you’ll need to contribute a minimum of $500 for the year.
You Can Save More on Taxes
HSA contribution limits are set by the IRS each year. The amount you may contribute is triple-tax protected and depends on which HSA option you elect, whether XPO contributes, the coverage level you choose and your age.
|Under Age 55||Age 55 or Older|
|HSA Plus||Employee Only||Employee + 1 or More||Employee Only||Employee + 1 or More|
|2022 IRS Limit||$3,650||$7,300||$4,650||$8,300|
|Basic HSA||Employee Only||Employee + 1 or More||Employee Only||Employee + 1 or More|
|2022 IRS Limit||$3,650||$7,300||$4,650||$8,300|
If you or your covered spouse uses tobacco, you will pay an extra $100 per month for medical coverage. If you are or your covered spouse is a former tobacco user (meaning you completed a tobacco cessation program in the past), you can avoid the $100 per month surcharge by verifying your status when you enroll.
Learn more here.
Did Your Spouse Gain Coverage?
If your spouse enrolls in medical coverage through his or her employer related to a Qualifying Event, you can have the Spousal Surcharge removed, but it’s a good idea to call the Benefit Service Center within 45 days so the surcharge removal will be retroactive to the Qualifying Event date. Otherwise, the surcharge will be removed as of the date you call.
Whether you’re adding a dependent for the first time or responding to a random dependent verification audit, you will have 60 days to provide documentation. (Previously the timeframe was undefined.) If you do not provide documentation within 60 days, your dependent(s) will be removed from coverage. It’s also your responsibility to remove dependents from coverage once they become ineligible.
Health Care Consumer Tips
- The Basic HSA or HSA Plus plan may be the best plan for you. With an HSA plan, you’ll pay less in payroll deductions. If you elect HSA Plus, you’ll also receive a contribution from XPO to help pay for eligible health care expenses. Learn more about HSAs.
- You’ll save with an HSA or FSA. You’ll save valuable tax dollars and lower your taxable income when you open an HSA or Health Care FSA. The money you contribute or withdraw in these accounts is tax-free when you use it for eligible health care expenses.
- Only use the emergency room for true emergencies. Trips to the ER can be expensive and cost you a lot out of your own pocket, so be sure you only visit an ER when absolutely necessary. Use urgent care facilities, schedule a visit with your doctor or use telemedicine when you have minor injuries or illnesses. Take advantage of LiveHealth Online for a nominal fee or 24/7 NurseLine for free. Nurses are on call to answer any health questions you might have and to provide guidance on emergency care, urgent care and more.
- Consider generic prescriptions instead of brand-name prescriptions. Generic prescriptions are usually considerably less expensive and are approved by the FDA. Ask your physician or pharmacist if your prescription has a generic alternative and save money.